Over a quarter of UK companies have suffered a hit to their finances following the insolvency of a customer, supplier or debtor in the last six months, according to new research. The research found the financial impact of the insolvency of another business was described as very negative by one in ten UK companies,…
DetailsKen owed 188,500 after personally guaranteeing the borrowings of a failed furniture business. He had no hope of repaying the debt from the 2,165 a month he now earns as a lorry driver, of which 952 goes on maintenance payments for his three children. They live with his ex-wife while Ken, who is 49, lives…
DetailsMedia playback is unsupported on your device Media captionHost Michael Torpey tells the BBC’s Jane O’Brien: “This is an unfair burden” In the world of TV game shows, people have had their lives changed by winning expensive cars or houses. In 2018 America, a new programme is offering a slightly different – but perhaps as…
DetailsNick Aboud the former CEO of the failed Dick Smith retailer has gone from big boys toys to kids toys, taking on the role as CEO of Kidstuff a retail group who are currently expanding their physical store and online operations in Australia. During an exclusive interview with ChannelNews Aboud who spoke for the first…
DetailsThe estranged husband of Lara Prychodko, the Manhattan woman who fell to her death in a garbage chute in a Union Square high-rise last week, declared bankruptcy after his high-end construction firm was targeted in two multi-million dollar lawsuits, The Post has learned. David Schlachet, 55, and his partners in Taocon, Inc. filed for bankruptcy…
DetailsEven though no one is excited to talk about credit card debt, the average American is carrying a balance of over $9,000. Its an issue a lot of people are jugglinglets have this conversation. We know that credit card debt is one of the most toxic financial problems. It demotivates people so much that statistics…
DetailsROHNERT PARK, Calif., July 13, 2018 /PRNewswire/ — It’s a fantasy many student loan borrowers will not allow themselves the joy of entertaining: waking up one day to find that their student loan is gone, canceled, wiped away or forgotten. The extra money freed up and the peace of mind that comes with a life free of…
DetailsGOODBYE credit boom, hello insolvency limbo. In June, precision- engineering firm CW Advanced Technologies became the latest issuer to seek a court order to stave off creditors, after its plan to re-tap the bond market to redeem its first series of notes got quashed by poor market sentiment. Since November 2015, at least 13 issuers…
DetailsRelated Story: Photographer Steve Parish helps others with mental illness In the 80s and 90s he was the man whose iconic Australian photographs graced postcards and calendars around the world. He did as much for Australian tourism as Paul Hogan, Steve Irwin and crocodiles combined. He ran a multi-million-dollar business and…
DetailsHoping to use the winnings to repay his debts, a man placed bets on World Cup soccer matches, but ended up losing $8,000 in a week instead. The 44-year-old private-hire vehicle driver placed bets on nearly every match, despite being reportedly unclear on the details of the matches or the teams, reports Lianhe Wanbao. He…
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